Q. Given a system of floating Exchange rates, falling income in the United States would trigger:

  • (A) An increase in the demand for imports and an increase in the demand for foreign currency
  • (B) An increase in the demand for imports and a decrease in the demand for foreign currency
  • (C) A decrease in the demand for imports and an increase in the demand for foreign currency
  • (D) A decrease in the demand for imports and a decrease in the demand for foreign currency
✅ Correct Answer: (D) A decrease in the demand for imports and a decrease in the demand for foreign currency

Published by Ram Sharma ⭐ 193.88K Points at 04-Jun-2022 08:52 pm in Economic

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